# Finda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finda

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.finda.co.kr
- Total disclosed funding: $51M
- Latest round: Series C (Jul 26, 2023)
- Investors on record: 11

## About

Based in South Korea, Finda, Inc. operates as a loan comparison platform, simplifying the borrowing process for consumers by enabling quick comparisons of over 300 loan products to find the best terms.Finda, Inc. was founded in 2015 in Seoul, South Korea, focusing on providing a platform for consumers to compare loan products. The company has secured a total of KRW 47 billion in funding, with its latest round being a Series C on July 26, 2023, led by JB Financial Group and supported by 500 Global. Co-founders Mike Wilkinson and Baurzhan Aipov have played pivotal roles in the company's development, with Mike Wilkinson bringing prior entrepreneurial experience to the venture.Finda operates as a loan comparison platform, primarily offering services that simplify the borrowing process for consumers. Users can compare over 300 loan products quickly, helping them to identify advantageous terms based on interest rates and loan limits. The platform facilitates financial management by allowing customers to oversee loans, credit cards, and savings accounts in one place, specifically aiding those looking to refinance or consolidate debts by addressing the traditional loan application complexities.Finda generates revenue through partnerships with financial institutions, acting as an intermediary for loan products. The platform earns fees for successful loan placements, operating on a commission basis where it receives payment once a loan is secured through its services. This revenue model underscores Finda's commitment to transparency and user empowerment, fostering trust with its customers.In July 2023, Finda, Inc. raised KRW 47 billion in Series C funding, led by JB Financial Group, with returning investor 500 Global participating. The company plans to utilize this funding to enhance its platform by providing more specialized financial services and launching new products aimed at improving user experience. There are plans to expand into new markets, although specific regions and timelines have not been disclosed.

## Funding rounds

- Series C, Jul 26, 2023, $37M — 500 Global, JB Financial Group
- Series B, Jan 18, 2021, $10M — TransLink Capital, 500 Global, Kia Motors Corporation
- Series A, Jul 22, 2019, $3.8M — Woori Bank, InterVest, Strong Ventures, JB Investment, COOCON Corp.
- Seed, Jan 26, 2016, $0.2M — 500 Global, FuturePlay, Mashup Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series B, Series C
- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Mashup Ventures (https://capitalatlas.ai/funds/mashup-ventures) — Seed
- Woori Bank — Series A
- InterVest (https://capitalatlas.ai/funds/intervest) — Series A
- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Series A
- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series A
- COOCON Corp. — Series A
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series B
- Kia Motors Corporation — Series B
- JB Financial Group — Series C